Pi Financial Analysts Give Endeavour Mining (TSE:EDV) a C$34.00 Price Target

Pi Financial set a C$34.00 target price on Endeavour Mining (TSE:EDV) in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

EDV has been the topic of several other research reports. National Bank Financial set a C$35.00 price target on Endeavour Mining and gave the company an outperform rating in a report on Monday. BMO Capital Markets reaffirmed an outperform rating and issued a C$36.00 price target on shares of Endeavour Mining in a report on Thursday, February 20th. Berenberg Bank upped their price target on Endeavour Mining from C$28.00 to C$32.00 in a report on Friday, January 10th. Finally, Royal Bank of Canada upped their price target on Endeavour Mining from C$32.00 to C$34.00 in a report on Thursday, March 19th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of C$34.00.

Shares of TSE:EDV opened at C$22.33 on Tuesday. Endeavour Mining has a 12 month low of C$15.68 and a 12 month high of C$29.18. The stock has a market cap of $2.38 billion and a price-to-earnings ratio of -14.98. The stock’s 50 day moving average price is C$24.08 and its 200 day moving average price is C$24.61. The company has a debt-to-equity ratio of 88.89, a current ratio of 1.48 and a quick ratio of 0.79.

Endeavour Mining (TSE:EDV) last announced its earnings results on Monday, March 9th. The company reported C$0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.52 by C($0.08). The company had revenue of C$327.28 million during the quarter. On average, sell-side analysts expect that Endeavour Mining will post 1.95 EPS for the current year.

In other Endeavour Mining news, Senior Officer Morgan Denis Carroll sold 14,000 shares of the company’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of C$26.71, for a total value of C$373,940.00. Following the transaction, the insider now owns 82,283 shares of the company’s stock, valued at C$2,197,778.93.

Endeavour Mining Company Profile

Endeavour Mining Corporation operates as an intermediate gold producer in West Africa. Its flagship properties are the Houndé mine located in Burkina Faso and the Ity CIL project situated in Côte d'Ivoire. As of December 31, 2018, the company had proved and probable reserves of 8.0 million ounces, as well as measured and indicated resources of 13.9 million ounces of gold.

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Analyst Recommendations for Endeavour Mining (TSE:EDV)

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